Business and Information Technology Working Together for the Regulator

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Business and Information Technology Working
Together for the Regulator

• Stephen Hord, Director of Product Development
  UBmatrix

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About Me Steve Hord

• Director Of Product Development UBMatrix
• 12 years in the Technology Industry
• Adobe Print Publishing and PDF teams
• Online Travel Solutions Travelport -gt Orbitz
• XML and Rules Engines
• 2 years at UBmatrix
• Managed UBMatrix FFIEC Solution
• Oversee Development of Solutions for Regulators

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Most Recent eBay Purchase
1967 Moto Guzzi V7
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• Introduction
• The Goal of XBRL in the Regulatory Environment

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The Goal of XBRL in the Regulatory Environment

• Easier and Faster Data Collection and Publishing
• Electronic Forms and Documentation
• Electronic Validation (Consistency Across Forms)
• Offline Access to Presentation (Forms) and
  Pre-Validation of Aceptance Rules
• Historic Reference (prior period data)

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The Goal of XBRL in the Regulatory Environment

• Reduce Risk in Regulated Industries
• Reduce reporting irregularities from human error
• Consistent collection of data across industries
  and segments
• Automated Analysis
• Faster Data Publishing

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• How Do I Implement XBRL
• The Analyst and the Information Professional

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How Do I Do It

• Today's Systems
• Often Forms Driven (Maybe Paper)
• Duplicated/Inconsistent Definitions Across Forms
• Programmatic Validation Rule
• Hard coded Collection Cycles
• Tomorrows Systems
• Data Driven Collection
• Validation Workflow Driven by the Data
• XBRL Ensures Consistent Models
• Re-use Data in Multiple Presentations

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How Do I Do It

• Analysts focus on the content
• Focus on the data not the forms
• Separate data from presentation
• Enforce consistency across your forms
• Ensure comparability
• Collect supporting data to ensure validity
• Publish your rules - not your analysis
• Private Rules for internal Use
• Public Rules for Document Validation

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How Do I Do It

• Analysts focus on the content
• Create Reportability Rules
• Encode your instructions in Business Rules
• Reduce Respondent workload from reporting the
  wrong forms
• If Assets lt 100M

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How Do I Do IT

• IT professionals focus on workflow/collection
• Put flexible tools in the hands of the Business
  Analyst
• Dont require a programmer to change a form,
  presentation, or validation rule
• Allow for new reporting segments without new code
• Small banks report quarterly/Big banks monthly
  (or by rating etc)

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How Do I Do It

• Information Architect
• Put as much content into the message as possible
  - XBRL is the message
• Enforce change control and versioning on the
  content Taxonomies have a Development Life
  Cycle and Require Project Management
• Design for Content Driven Workflow
• Use Message Queue
• Flexible Storage

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• Measure Your Success
• Key Attributes of a good XBRL System

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Success Criteria

• Key Attributes of a Good XBRL System
• Well Defined Content
• Data Elements are defined, documented and
  Standardized
• Business rules support Data Validation
• If you have Forms they are part of the Taxonomy
• Reporting Rules Driven Client Software
• Automated Acceptance Workflow
• Off-line Validation
• Workflow Driven by the Contents

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Success Criteria

• Cost savings to the analyst
• Reduced busy work
• Increased analyst productivity
• Cost savings to the IT dept
• Faster data publishing
• No retooling for new data/forms/rules
• Cost Savings to the Respondent
• Real-time Acceptance and Validation

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Wrap up

• Separate the content of what you collect from the
  way you collect it
• Analysts focus on the Content
• Data model, Rules, Presentation
• IT Professional focus on the Collection
• Messages and Workflow

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XBRL Product Development Cycle
Automated process Meet deadlines Focus on
Enhancements Time 1 Hour
Taxonomy
FormBuilder
Banks
QA
Automated processes Quick checklist
review Minimal verification
Release
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Sample Taxonomy
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Sample Form Presentation
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Sample GUI
HTML GUI file added into FormBuilder
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Contact Information

• Mark Fahlsing
• Jack Henry Associates
• [phone]
• mfahlsing_at_jackhenry.com
• www.jackhenry.com

Steve Hord UBmatrix [phone]
steve.hord_at_ubmatrix.com www.ubmatrix.com